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they called this rally to ask congress to shop the shutdown, rate the debt ceiling. why did they pick ted cruz's office? they see him as the instigator of this shutdown. ted cruz urged his fellow house republicans to remain strong in their opposition of obamacare. and while those statements are earning ted cruz plenty of enemies here among the furloughed federal workers, it's also gaining him popularity among right-wing conservatives. they picked ted cruz as the double-digit leader as a potential 2016 republican presidential candidate. and it's those gains that these people say are being placed on the backs of these workers. >>> we are going to go to break, but before we go to break. take a look at wall street to bring you up to dated on what is happening on your 401k as they debate in washington. before republicans came to the floor and said what they wanted to do, that number was minus 70, it is now down to just five points in negative territory, which means that wall street likes what it heard from capitol hill again today. together unexpected voices closest to th
they called this rally to ask congress to shop the shutdown, rate the debt ceiling. why did they pick ted cruz's office? they see him as the instigator of this shutdown. ted cruz urged his fellow house republicans to remain strong in their opposition of obamacare. and while those statements are earning ted cruz plenty of enemies here among the furloughed federal workers, it's also gaining him popularity among right-wing conservatives. they picked ted cruz as the double-digit leader as a...
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Jan 14, 2013
01/13
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president obama telling republicans to move quickly on the debt ceiling. jon harwood on the president's main theme at his news conference today. >> his main theme was to draw a brighter line with republicans in that fight over the debt ceiling. republicans saying we want dollar for dollar spending cuts. the president said i'll talk about spending decreases. but i'm not going to hold the u.s. economy hostage. here's the president. >> they will not collect a r ransra ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they'd better choose quickly because time is running short. >> and house speaker john boehner responded quickly saying the house republican majority will do the responsible thing. will make sure the nation meets its obligations, will keep the government running. that's trying to take that specter of the government shutdown off the table. we've got a real confrontation brewing b
president obama telling republicans to move quickly on the debt ceiling. jon harwood on the president's main theme at his news conference today. >> his main theme was to draw a brighter line with republicans in that fight over the debt ceiling. republicans saying we want dollar for dollar spending cuts. the president said i'll talk about spending decreases. but i'm not going to hold the u.s. economy hostage. here's the president. >> they will not collect a r ransra ransom in...
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the debt ceiling over a more long-term basis. and that will require democrats and republicans to get on board, though, dell. >> libby thank you very much. and now we turn to mike viqueira who is at the white house. mike you heard about the details and the devil. how big is the devil and what is the white house saying about it. >> there are two ways to look at this, dell, first there is still dissension in the gop ranks. this is the first crack in the unified -- at least public posturing or position of house republicans and it could be the beginnings of a deal -- it could be the beginnings of a way out. the house republicans are due here at the white house around 4:30 this afternoon. the problem is, as far as this proposal that was put forward by house republicans today, first of all we haven't seen a lot of the details, if it is going to be a quote, unquote clean extension of the debt limit, and second, what about opening the government. we have heard the president say he is not going to negotiate under threat or a hostage situat
the debt ceiling over a more long-term basis. and that will require democrats and republicans to get on board, though, dell. >> libby thank you very much. and now we turn to mike viqueira who is at the white house. mike you heard about the details and the devil. how big is the devil and what is the white house saying about it. >> there are two ways to look at this, dell, first there is still dissension in the gop ranks. this is the first crack in the unified -- at least public...
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will this be the ammution republicans need in their debt ceiling fight? coming up next. you know how painful heartburn can be. f fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. everything you can fit vo: in this bag is 20% off. saving 20% on everything your company needs. it's a big deal. check your december 30th sunday paper or print the coupon at officemax.com. ♪ duty as a new york, here again is gerri willis. >> i want to bring you the latest developments. the 15 year old pakistan the girl shot in the head by the taliban has been released from a british hospital. officials say she is strong and recovering well, so she will have to be readmitted next month for another round of surgery to rebuild her skull. as we told you, she was shot in the head by muslim extremists for promoting growth and education in her own country. she will live with their parents and o brothers in th
will this be the ammution republicans need in their debt ceiling fight? coming up next. you know how painful heartburn can be. f fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. everything you can fit vo: in this bag is 20% off. saving 20% on everything your company needs. it's a big deal. check your...
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Jan 18, 2013
01/13
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FBC
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house republicans agree to raise the debt ceiling. one condition stay with us. ♪ ♪ [ male announcer ] how could a luminous prote in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ♪ gerri: republicans go for a short-term increase in the debt ceiling, but how can we tackle our long-term problems? grover norquist year in 60 seconds. ♪ ♪ gerri: retreating or
house republicans agree to raise the debt ceiling. one condition stay with us. ♪ ♪ [ male announcer ] how could a luminous prote in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with...
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republicans were offering a short-term extension for the debt ceiling. eric cantor said talks will continue tonight. >>> former pakistani president is back in custody. his lawyer says police arrested him on charges related to a 2007 raid on a mosque in the capitol. more than 100 people were killed. on wednesday a court granted him bail in another
republicans were offering a short-term extension for the debt ceiling. eric cantor said talks will continue tonight. >>> former pakistani president is back in custody. his lawyer says police arrested him on charges related to a 2007 raid on a mosque in the capitol. more than 100 people were killed. on wednesday a court granted him bail in another
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Jan 15, 2013
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fiber one. >>> president obama challenges the republicans not to raise the debt ceiling. well, in an hour-long press conference today, we have two money men in the administration who also weighed in about this standoff. jackie deangelis has more on ben bernanke and timothy geithner. good evening. >> good evening. in an afternoon address at the university of michigan, ben bernanke addressed it. he said it allows the government to pay the bills and it's something that government must do periodically. congressional action wouldn't create new spending or add to the deficit either. regarding his hope that the process goes smoothly, he said the following. >> i do hope that congress will allow the government to pay its bills, not raise the possibility of default. which would be very, very costly to our economy. and then address very seriously these fiscal issues. >> this was bernanke's first speech since the release of the fed's latest meeting minutes which caused a stir because it indicated some policymakers wanted to end the bond buying program before year end. meantime, in a
fiber one. >>> president obama challenges the republicans not to raise the debt ceiling. well, in an hour-long press conference today, we have two money men in the administration who also weighed in about this standoff. jackie deangelis has more on ben bernanke and timothy geithner. good evening. >> good evening. in an afternoon address at the university of michigan, ben bernanke addressed it. he said it allows the government to pay the bills and it's something that government...
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Jan 24, 2013
01/13
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but in the case of the republicans here we all know what would happen if they didn't raise the debt ceiling. it would be a total catastrophe. that bluff didn't make any sense at all. at least to their credit they're altering the ultimate solution. melissa: i couldn't disagree with you more. they could shut down the government. it has been done before. >> it is more than shuttings down the government if they don't raise the debt ceiling there are so many people expecting payments veterans, soldiers, the --. melissa: but they get to decide who they pay and they don't. they could decide to pay those people and -- >> a lot harder, very, very hard to decide who they pay and who they don't. logistics are total nightmare. there are billions upon billions of computerized payments. if you want to code it and figure out how you get money to certain people and not others that sound like a catastrophe. it could happen when they even threatened not to raise the debt ceiling around our credit was downgraded and the markets really tumbled. you don't want to i can take the chance. no way the republicans wo
but in the case of the republicans here we all know what would happen if they didn't raise the debt ceiling. it would be a total catastrophe. that bluff didn't make any sense at all. at least to their credit they're altering the ultimate solution. melissa: i couldn't disagree with you more. they could shut down the government. it has been done before. >> it is more than shuttings down the government if they don't raise the debt ceiling there are so many people expecting payments veterans,...
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on its bills. >> the president claims this, but republicans have always raised the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we don't want to give the president a blank check. we would like to fix the substantive problem which is the level and the growth in the debt. >> reporter: markets are almost treating the fight over the debt ceiling as the sequel to a bad movie. and investors have a pretty good feel for how this cliffhanger ends. >> they don't really care about the brinksmanship until they are right up to the brink, but also, the more dangerous the fall, off the brink, they figure the less likely that it's going to happen. >> reporter: treasury secretary timothy geithner told congress today that unless it acts, the nation will not be able to pay its bills sometime around mid- february or early march. so with a month of so to go, there is no solution in sight. darren gersh, washington, d.c. >> tom: federal reserve chairman ben berna
on its bills. >> the president claims this, but republicans have always raised the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we don't want to give the president a blank check. we would like to fix the substantive problem which is the level and the growth in the debt. >> reporter: markets are almost treating the fight over the debt ceiling...
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raise the debt ceiling. ted cruz here in texas enjoys a lot of support, especially in rural parts. i was 30 miles south of here, yesterday, and voters there were overwhelmingly in support of ted cruz, that county elected him to office last year with a 44-point margin, and overall this state is still very much pro-cruz. >> heidi thank you very much. >>> a suspected senior al-qaeda leader recently captured in libya is now scheduled to appear inside a new york city courtroom later this hour. abu anas al-libby was recently indicted by a grand jury. jonathan this is certainly a moment for prosecutors. >> reporter: yeah, it really is, especially since it has been so long in the making. he has been on the run for ten years. within the next 30 minutes maybe he is expected to be hospital inside this courthouse to answer allegations of terror attacks. the military raid was care rid out in tripoli. after his capture the 49-year-old was interrogated for a week, and then turned over to the fbi to face federal terrorism c
raise the debt ceiling. ted cruz here in texas enjoys a lot of support, especially in rural parts. i was 30 miles south of here, yesterday, and voters there were overwhelmingly in support of ted cruz, that county elected him to office last year with a 44-point margin, and overall this state is still very much pro-cruz. >> heidi thank you very much. >>> a suspected senior al-qaeda leader recently captured in libya is now scheduled to appear inside a new york city courtroom later...
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for the republicans to sign on raising the debt ceiling. >> the debt limit has opinion used to carry significant policy change. he put forth his own bell to raise the debt ceiling. it's a -- it's pretty much doomed in the house. he says that the republicans fault. he said they keep changing the target. >> now the shut down is not the only crisis.. according to markt watch. if. we will come from the latest polling. 56 of americans say it will be a bad idea that the debt ceiling is not raised to 38%. it will be a good idea for the country. we have the economic chaos. it's up legitimate seniors that seen kwhrors not -- they will spepbs tpaoeu public anger about not raising the debt ceiling and pressure republicans even more. . >> we have new information for you on what has happenened here. let me move over so you can see the storm that we're talking about. the storm has upgradeed this hour of activity to a cyclone. a cyclone, typhoon, hurricane are all the same types of system. it just depends geographically what you're talking about. we're very concerned because it's a closed up area.
for the republicans to sign on raising the debt ceiling. >> the debt limit has opinion used to carry significant policy change. he put forth his own bell to raise the debt ceiling. it's a -- it's pretty much doomed in the house. he says that the republicans fault. he said they keep changing the target. >> now the shut down is not the only crisis.. according to markt watch. if. we will come from the latest polling. 56 of americans say it will be a bad idea that the debt ceiling is...
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Jan 19, 2013
01/13
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president obama warned republicans about taking the debt ceiling hostage. it looks like they heard the message. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> republicans made their choice today during a gop retreat in williamsburg, virginia. house majority leader eric cap tore reportedly announced plans to pass a bill extending the debt limit for an additional three months. it's the clearest signs yet republicans have no intention of ever defaulting on the country's debt. in a statement the white house responding, saying, we are encouraged. there are signs congressional republicans may back off their insistence on holding our economy hostage to extract drastic cuts in medicare, education and programs middle class families depend on. the temporary nature of the increase is somewhat troubling. a white house official told nbc news it's a terrible way to run the country. but the aid
president obama warned republicans about taking the debt ceiling hostage. it looks like they heard the message. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> republicans made their choice today during a gop retreat in williamsburg, virginia. house majority leader eric cap tore reportedly announced plans...
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Jan 16, 2013
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. >> coming up on "the willis report", republicans split on their debt ceiling stances? we have against the weight on what is really going on. and earnings season is in full swing. our expert is here to share the financial sea of hot on right now. and in hard times, what industry has thrived? even the wealthy are flocking in. the star of on stars, richardson is here to discuss how you can cash in. we are on the case next on "the willis report." ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. gerri: there is definitely a debt ceiling
. >> coming up on "the willis report", republicans split on their debt ceiling stances? we have against the weight on what is really going on. and earnings season is in full swing. our expert is here to share the financial sea of hot on right now. and in hard times, what industry has thrived? even the wealthy are flocking in. the star of on stars, richardson is here to discuss how you can cash in. we are on the case next on "the willis report." ♪ [ male announcer ]...
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might be crashing through the debt ceiling soon and that we thought. for more honest and republican congressman james langford of obama. welcome back to the show. always good to see you. >> thank you. glad to be with you. gerri: the cbo is saying that we are on track to rack up our fifth year of a trillion dollar plus debt, and already deficits and this year alone the fiscal year alone, $2,903,000,000,000 in deficits just in this first quarter. tell me, can the american people trust congress to fix this problem with a -- fix the fiscal cliff and deal with the debt ceiling? >> the fiscal clefted not fix the debt, and that was the big debate during the fiscal of conversation. is this affecting tax policy or is this about trying to pixar debt and deficit. there was a group that said let's fix the tax policy in deal with the deficit later. as supporters sang, we must deal with the debt and deficit which is the bigger issue. gerri: you voted against it. >> i did. gerri: what can we do about this? what can we do about this? >> well, we have three things. peo
might be crashing through the debt ceiling soon and that we thought. for more honest and republican congressman james langford of obama. welcome back to the show. always good to see you. >> thank you. glad to be with you. gerri: the cbo is saying that we are on track to rack up our fifth year of a trillion dollar plus debt, and already deficits and this year alone the fiscal year alone, $2,903,000,000,000 in deficits just in this first quarter. tell me, can the american people trust...
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Dec 18, 2013
12/13
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did this deal saying we expect to get something when we raise the debt ceiling. republicans have actually public opinion on their side on that one because the public believes if you're going to raise the debt, you got to cut the budget. i think that's going to be a huge fight as we head into the winter sort of around february. >> and do they have some oomph conservatives who say we've been dealing with the sequester and nobody's dying. these things work. we might be able to handle more. >> they do have some oomph in that argument particularly since there's a lot of entitlement spending that needs to get under control. the public is not opposed to tax reform. the public is very interested in tax reform. and so i think they do have some really good arguments to make. the question is, particularly in terms of the tea party which is how relevant will these tea party members be as you head into the 2014 election. that's the big issue, ashleigh. there are some republicans i talk to who hope that this vote that you were just talking about, this sort of bipartisan vote m
did this deal saying we expect to get something when we raise the debt ceiling. republicans have actually public opinion on their side on that one because the public believes if you're going to raise the debt, you got to cut the budget. i think that's going to be a huge fight as we head into the winter sort of around february. >> and do they have some oomph conservatives who say we've been dealing with the sequester and nobody's dying. these things work. we might be able to handle more....
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Feb 17, 2013
02/13
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WBAL
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bringing things to the brink with things like the debt ceiling, which i've been very vocal about republicans should not try to have that fight on the debt ceiling. but we have a budgeting problem in washington where, you know, the senate can essentially just walk away from the game of doing a budget in washington. that's never happened before. and now it's happened three years in a row. so the only way this system can budget is to do it on these crisis points. >> we have a budget problem, michael. and president squarely addressed the middle class this week. did you find it effective? how much time does a second-term president really have to implement a domestic agenda? >> i think about six to eight months because what happens is, even lbj in '65 or fdr in '37, after the enormous landslides, the two biggest congresses in the last 100 years, they knew if they waited longer than six to eight months, members of congress would be thinking about the next re-election. that he would always be a lame duck in the first year of his second term. so i think the president is right to act fast. >> so do yo
bringing things to the brink with things like the debt ceiling, which i've been very vocal about republicans should not try to have that fight on the debt ceiling. but we have a budgeting problem in washington where, you know, the senate can essentially just walk away from the game of doing a budget in washington. that's never happened before. and now it's happened three years in a row. so the only way this system can budget is to do it on these crisis points. >> we have a budget problem,...
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10/13
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raising the debt ceiling either for a short period of time or a long period of time in exchange for some debt reduction. but publicly democrats continue to insist that republicans need to reopen the government and raise the debt ceiling first before they'll enter into negotiations. >> pelley: nancy cordes, as always, on capitol hill. thank you, nancy. as they argue in congress, a lot of federal agencies are not doing important work, and the workers who've been sidelined are getting frustrated. john blackstone has their story. >> let us work! >> reporter: about 50 furloughed government workers-- many of them scientists-- marched on nasa's ames research center in california this afternoon demanding the right to work. >> congress may think it's okay to get paid and to do nothing but we don't expect that. >> reporter: they say they're not worried about missed paychecks, their concern is what the country may lose forever while they're being kept out of their offices and laboratories. math linton is a nasa sign security specialist. >> i'm in a continuing conflict with hackers from other p
raising the debt ceiling either for a short period of time or a long period of time in exchange for some debt reduction. but publicly democrats continue to insist that republicans need to reopen the government and raise the debt ceiling first before they'll enter into negotiations. >> pelley: nancy cordes, as always, on capitol hill. thank you, nancy. as they argue in congress, a lot of federal agencies are not doing important work, and the workers who've been sidelined are getting...
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Jan 22, 2013
01/13
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FBC
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coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. it's a new day. if your a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. ll your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged
coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. it's a new day. if your a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct...
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Jan 14, 2013
01/13
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gerri: president obama demanding congress raises the debt ceiling limit making it clear to republicans he is not negotiating. here with more on this, former managing director for bain capital, author of the book "unintended consequences." i want to start for the president today talking about his tone talking about the debt ceiling. here is the president. >> the debt ceiling is not a deal of authorizing more spending. raising the debt ceiling does not authorize more spending, simply allows the country to pay for spending that congress has already committed to. gerri: what do you say to that? speaker he is gearing up for a partisan brawl. his press conference today was a little hypocritical because when he was a senator in 2006 and george bush wanted to raise the debt ceiling he said no and called george bush a failed president. gerri: one of the reporters got up and said only a few years ago you were saying that this kind of fight makes no sense, would have to have fiscal discipline. what do you say to this? speak of the president has been the beneficiary of large increases in mandatory
gerri: president obama demanding congress raises the debt ceiling limit making it clear to republicans he is not negotiating. here with more on this, former managing director for bain capital, author of the book "unintended consequences." i want to start for the president today talking about his tone talking about the debt ceiling. here is the president. >> the debt ceiling is not a deal of authorizing more spending. raising the debt ceiling does not authorize more spending,...
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Oct 13, 2013
10/13
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republicans will vote to raise the debt ceiling enough to last through november 22. in exchange, mr. obama will agree to negotiate with republicans over spending cuts. on wednesday, the president met separately with house democrats to prepare them for the coming compromises. according to congressman jerry conley, who was at the meeting. conley says obama told house democrats they, quote, need to be prepared to give and take, unquote. and quote, we weren't going to win everything, unquote. financial markets cheered the breakthrough. the dow rose 272 points moments after the breakthrough announcement. but the debt ceiling proposal will not end the government shutdown. republicans and democrats remain at loggerheads over the 2014 federal budget. >>> question, what made president obama change his position on negotiating with the republicans over the debt ceiling? >> well, because inc. it would have been a catastrophe for the country if they hadn't found some way to begin talking about it, and the country would have reacted in a plague on both your houses. i think that's
republicans will vote to raise the debt ceiling enough to last through november 22. in exchange, mr. obama will agree to negotiate with republicans over spending cuts. on wednesday, the president met separately with house democrats to prepare them for the coming compromises. according to congressman jerry conley, who was at the meeting. conley says obama told house democrats they, quote, need to be prepared to give and take, unquote. and quote, we weren't going to win everything, unquote....
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Jan 9, 2013
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over the debt ceiling and according to every leader that i have talked to, he is poison to republicans. jimmy. >> let me put it in a charitable way. he is not the sweet talker that tim geithner that republicans are. the easy thing about him, i think you are right. he is far more ideological than that, he is not like tim geithner. he is head of the new york fed. he is well versed in the new york currency and you have a life long budgeteer. can i add to that? i want to say something about out going. i have the highest regard for them. his financial knowledge was excellent. his knowledge of the whole banking arena. and i'll tell you this too, while i disagreed with him on fiscal issues. he and i had a great personal relationship. what i understand is, he does not have a personal relationship and doesn't know how to deal with people on the other side of the i'll. and that on top of his personal experience to me makes this a poor choice. >> on financial experience i'll grant you some points. this is a guy who has been negotiating complicated deals for 20 years. on the hill in the reagan yea
over the debt ceiling and according to every leader that i have talked to, he is poison to republicans. jimmy. >> let me put it in a charitable way. he is not the sweet talker that tim geithner that republicans are. the easy thing about him, i think you are right. he is far more ideological than that, he is not like tim geithner. he is head of the new york fed. he is well versed in the new york currency and you have a life long budgeteer. can i add to that? i want to say something about...
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Jan 4, 2013
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we were not able to get an increase in the debt ceiling. republicans have indicated this is something they are going to use as a bargaining tool. we're going to run out of money to run our country between the end of february and early march. i want to be clear that this probably doesn't mean defaulting on the debt of the united states which is as a disaster scenario. it represents about 6% of all the money we are talking about, but paychecks or stop giving tax refunds, but this is really serious business and could be quite contentious, even more so than the ceiling talks. >> this seems absolutely crazy. >> i cover markets and high not only have outside of washington, you can see the volatility of the markets, any time there is a small io, markets go up. businesses can't believe politicians in this country are going the let us get to this stage. dodge dealer expected the obama administration to try any other different economic policies? >> what you'll see in the next couple of years is the president being forced to go around congress as much
we were not able to get an increase in the debt ceiling. republicans have indicated this is something they are going to use as a bargaining tool. we're going to run out of money to run our country between the end of february and early march. i want to be clear that this probably doesn't mean defaulting on the debt of the united states which is as a disaster scenario. it represents about 6% of all the money we are talking about, but paychecks or stop giving tax refunds, but this is really...
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Jan 10, 2013
01/13
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one of the things that has very much frustrated the republicans, this goes back to the debt ceiling issue. when i talk to republicans, one of the things that they are looking at, we will pass a debt limit extension out of the house , but it is contingent on the senate passing a budget. isn't that interesting? as you know, the senate has not passed a budget, our real budget in four years. gerri: we have a long way to go on this. we appreciate your opinion. >> a lot of ways that this can play out. when the president says, not going to negotiate on the debt ceiling, i can tell you this, he is going to have to negotiate on the debt ceiling. gerri: many ways to skin a cat. come back. thank you quick trip to be with you. gerri: also today, as expected, president obama introducing treasury secretary nominee white house chief of staff jack lew. taking of the treasury as the white house prepares for the major fight with republicans over the debt ceiling. the rumors began swirling that he would get the nomination. we here at "the willis report" took a look at who jack lew is and where he came from.
one of the things that has very much frustrated the republicans, this goes back to the debt ceiling issue. when i talk to republicans, one of the things that they are looking at, we will pass a debt limit extension out of the house , but it is contingent on the senate passing a budget. isn't that interesting? as you know, the senate has not passed a budget, our real budget in four years. gerri: we have a long way to go on this. we appreciate your opinion. >> a lot of ways that this can...
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Oct 15, 2013
10/13
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KPIX
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the agreement would fund the government through january 15th and raise the debt ceiling. republicans would get a new policy for obamacare. any deal must still be approved by the house. >> a deal appears imminent. the government shut down caused a lot of damage. julie on the consumer watch to shut down proof your finances. >> it's not as big an impact. >> not at all. >> so far the shut down is ana knowance. we're all disappointed. in terms of my life, nothing. >> economists say that may be about to change. >> a lot of people considered this a dc political issue. but the ramifications are far more widespread than that. >> the longer the federal shut down drags on, the more people will notice the impact. some are already dealing with small business loans, tax returns. before long, he expects all consumers will feel the shut down. >> we can see all types of consumer rates from credit cards to mortgages to auto loans increasing in cost as well as volatility in the market. >> first, maximize your emergency fund. cut back on spending now and save as much as possible. we should a
the agreement would fund the government through january 15th and raise the debt ceiling. republicans would get a new policy for obamacare. any deal must still be approved by the house. >> a deal appears imminent. the government shut down caused a lot of damage. julie on the consumer watch to shut down proof your finances. >> it's not as big an impact. >> not at all. >> so far the shut down is ana knowance. we're all disappointed. in terms of my life, nothing. >>...
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Oct 13, 2013
10/13
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KNTV
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ceiling which runs out this week. >> i think it is not a good idea to go through the debt ceiling deadline. >> reporter: republicans are suspicious about a senate compromise and maintain a deal that reduces government debt will make the pain of the gridlock worthwhile. >> in the short-term sacrifice of a shutdown is inconsequential if you change spending patterns in the united states of america and get us on a path of growth and prosperity. >> reporter: many who came to be heard say they are out of patience. >> my own personal opinion is i blame actually the congress, not the president. >> what do we want. >> to end the shut down. >> when do we want it? >> now. >> reporter: they say they believe within a day or so the senate could come up with an agreement. what remains unclear is how house republicans will react. >> kelly o'donnell starting us off and for more we turn to chief white house correspondent chuck todd also in washington. what do you make of all of this. >> reporter: what a wasted weekend of the leaders. it was amazing how things had been moving starting on thursday night in to
ceiling which runs out this week. >> i think it is not a good idea to go through the debt ceiling deadline. >> reporter: republicans are suspicious about a senate compromise and maintain a deal that reduces government debt will make the pain of the gridlock worthwhile. >> in the short-term sacrifice of a shutdown is inconsequential if you change spending patterns in the united states of america and get us on a path of growth and prosperity. >> reporter: many who came to...
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Jan 23, 2013
01/13
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ceiling ought not to be a political football. >> reporter: this republican retreat with one last stand. if they can't compromise, lawmakers paychecks could take a hit. here's what we still don't know, even if they do pass that temporary extension, what about the budget? could america's credit still see a downgrade? mara? >> something tells me having their paychecks on the line might motivate them. >>> on capitol hill, secretary of state hillary clinton will appear before congress later this morning to testify about the september 11th terrorist attack in bengahzi, libya. clinton will answer questions from the senate and house foreign relations committees about the handling of the attack on a u.s. consulate that killed four americans. clinton had been unable to testify previously because she was recovering from the stomach flu and concussion. clinton will go into the hearings debt free. she has finally paid off the outstanding $12 million debt from her 2008 presidential campaign. >>> jill kelly is speaking out for the first time since her name was mentioned in the scandal that forced gen
ceiling ought not to be a political football. >> reporter: this republican retreat with one last stand. if they can't compromise, lawmakers paychecks could take a hit. here's what we still don't know, even if they do pass that temporary extension, what about the budget? could america's credit still see a downgrade? mara? >> something tells me having their paychecks on the line might motivate them. >>> on capitol hill, secretary of state hillary clinton will appear before...
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Jan 18, 2013
01/13
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FBC
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republicans settled on their first step in the debt ceiling fight. here are the details about what they will vote next week. the increase will be contingent on the senate and house, both passing a budget. republicans say if there is no bill passed, congress does not get paid. all part of the proposal for next week. john boehner say before there is any long-term debt limit increase, a budget should be passed that should cut spending. they have failed to pass a budget for four years. this is a shameful run that needs to end this year. the strategy is to put this off until later this spring to deal with the automatic spending cuts, along with, in march, government spending does run out. they would focus on a longer-term debt ceiling increase sometime in april or may. that is the strategy from house republicans. president obama says he has not even entertained any type of negotiations. republicans should agree to raise the debt ceiling because having to raise it is the result of appropriations already passed and signed into law. back to you. melissa: tha
republicans settled on their first step in the debt ceiling fight. here are the details about what they will vote next week. the increase will be contingent on the senate and house, both passing a budget. republicans say if there is no bill passed, congress does not get paid. all part of the proposal for next week. john boehner say before there is any long-term debt limit increase, a budget should be passed that should cut spending. they have failed to pass a budget for four years. this is a...
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Jan 3, 2013
01/13
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CURRENT
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debt ceiling. i'm negotiating over the sequester. what do you think of sequestration? >> first of all sequesters is not something that i propose. it's something that congress has proposed. it will not happen. >> cenk: wait a minute. the sequester has defense cuts. that's not a bad thing. that's a progressive thing. but it's not going to happen. in the next round of negotiations i'm telling you right now he's going to put medicare and/or social security on the table. i'm ready to drop a preemptive elbow on obama's head. so in the ring for the first time, and there you go. it's coming. i guarantee [ ♪ music ♪ ] >> eliot: good evening i'm eliot spitzer, and this "viewpoint." the so-called fiscal cliff was finally surmounted tuesday night as the polithouse g.o.p. joined democrats in a bill that will avert steep tax heights for most americans and postpone major cuts to government programs. but the bill also guarantees lots more political drama in the weeks to come as the house republicans threaten t
debt ceiling. i'm negotiating over the sequester. what do you think of sequestration? >> first of all sequesters is not something that i propose. it's something that congress has proposed. it will not happen. >> cenk: wait a minute. the sequester has defense cuts. that's not a bad thing. that's a progressive thing. but it's not going to happen. in the next round of negotiations i'm telling you right now he's going to put medicare and/or social security on the table. i'm ready to...
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Feb 6, 2013
02/13
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KQED
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if we bump into the national debt ceiling and by the way the good news is the republicans are talking more and more like this is not going to happen. but if we do, we have to go to a balance budget in a minute. can't borrow anymore. we've got a deficit that's, let's just call it morning friends a trillion. the c.b.o. estimate was a little bit below finally. but around the neighborhood of a trillion. that's 12 times 85. on top of that, you will... you have the danger of kicking off a worldwide financial panic as people start worrying about, well, is the united states going to default on its debt? if it comes down to paying social security payments or the interest on the debt, are we so sure that america will cut the social security payments and pay the interest on the debt? and a whole bunch of questions like that that we don't want anybody thinking about. we always want people thinking america is going to pay its obligations all of them. all of them. >> charlie: and america is. and we always have. i believe we will. but that's why i'm so worried about even if it's a small probability
if we bump into the national debt ceiling and by the way the good news is the republicans are talking more and more like this is not going to happen. but if we do, we have to go to a balance budget in a minute. can't borrow anymore. we've got a deficit that's, let's just call it morning friends a trillion. the c.b.o. estimate was a little bit below finally. but around the neighborhood of a trillion. that's 12 times 85. on top of that, you will... you have the danger of kicking off a worldwide...
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Oct 7, 2013
10/13
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MSNBC
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if both republicans and democrats feel like and agree it is a bad idea to not raise the debt ceiling then how is it a concession to raise the debt ceiling? >> simply it's the trigger mechanissm for the discussion. the president hasn't told us. we're ten days out. he's not put proposal on the table what to do so congress can figure it out. really? executive branch absent from the discussion when they are who actually spends the money. we should sit down. the president has actually got proposals in his own budget i would support. they are not easy to do. change cpi and means testing for medicare and other things like that. pretty tough medicine he's recommended that i would vote for. again, right now he wants a debt ceiling increase before there's even a discussion. seems to me that's a nonstarter. >> congressman, i'm going to open this up to our panel in new york here, jake and joy. it's hard for me to understand if this is a negotiation, what the democrats are asking for is something republicans agree must have it. >> most agree. there's that national journal piece today some republi
if both republicans and democrats feel like and agree it is a bad idea to not raise the debt ceiling then how is it a concession to raise the debt ceiling? >> simply it's the trigger mechanissm for the discussion. the president hasn't told us. we're ten days out. he's not put proposal on the table what to do so congress can figure it out. really? executive branch absent from the discussion when they are who actually spends the money. we should sit down. the president has actually got...
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Jan 19, 2013
01/13
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FBC
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house republicans agree to raise the debt ceiling. one condition stay with us. ♪ copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. let's say you pay your guy around 2% to manage your money. that's not much you think. except
house republicans agree to raise the debt ceiling. one condition stay with us. ♪ copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not...
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Oct 14, 2013
10/13
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ALJAZAM
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pelosi looking for a clean continuing resolution and a clean raising of the debt ceiling. everyone seems to be getting hammered in the polls, particularly the republicans an nbc wall street journal poll published last week got a lot of conversation in the media. it appears a 22% margin between president obama and the republicans among people who were asked who do you blame for the shutdown and the debt crisis they blame the republicans by 22 points more than they blame president obama. on monday the house and the senate are back in session, house at 2012:00, senate a 12:0t 2:00. >> there are a few dates to be aware of. on october 17th the government will no longer be able to borrow and use an estimated $30 billion in cash. that money will run out sometime between october 22nd and at the end of this month. and that means benefits for social security, medicare and veterans could be put on hold. and by october 31st the government must pay $6 billion in debt interest or risk default. then on november 1st $60 billion is due for benefit programs. if no debt ceiling increase thos
pelosi looking for a clean continuing resolution and a clean raising of the debt ceiling. everyone seems to be getting hammered in the polls, particularly the republicans an nbc wall street journal poll published last week got a lot of conversation in the media. it appears a 22% margin between president obama and the republicans among people who were asked who do you blame for the shutdown and the debt crisis they blame the republicans by 22 points more than they blame president obama. on...
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Oct 14, 2013
10/13
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ALJAZAM
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regarding the raisings of the debt ceiling. only the senate was in session on sunday. we had a pa rad of senators come to go microphone to his have terry say, but mostly the republicans after they were swamped by the message on saturday s harry reid openedded and closed the session too. in the course of the day he had a telephone conversation with his republican opposite member mitch mcconnell. at the end of the session harry reid saying that call left him optimistic, particularly regarding raising the debt ceiling. >> i have have an active conversation, our discussions were substantive and we'll continue the discussions, i am optimistic about the prospect for a positive conclusion. >> reporter: also speak buying tariff today the house minority lead are nancy pelosi tariffing president obama to plead with him to make sure that whatever deal is done regarding reopening the government, and particularly the debt control that go it last for his at least 12 months. pelosi looking for a clean continuing resolution and a clean raising of the debt ceiling. everyone seems to be
regarding the raisings of the debt ceiling. only the senate was in session on sunday. we had a pa rad of senators come to go microphone to his have terry say, but mostly the republicans after they were swamped by the message on saturday s harry reid openedded and closed the session too. in the course of the day he had a telephone conversation with his republican opposite member mitch mcconnell. at the end of the session harry reid saying that call left him optimistic, particularly regarding...
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Jan 15, 2013
01/13
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FBC
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immediately raise the debt ceiling and lori about that pesky out of control spending later to considering as many 19 different gun-control measures that he could in force as he gears up for his comprehensive plan tomorrow. our president seems to think of himself like a king and said that our elected officials. joining me now, former adviser to president george w. bush. senior fellow at the cato institute. i will start with you. here is the president back in 2006 on the idea of raising the debt limit. he said, the fact that we are here today to debate raising america's debt limit is a sign of our leaders failing in the u.s. government cannot pay its own bills and i intend to oppose the effort to increase the debt limit to and here he is begging for the debt limit to be raised now that he is president. >> i think that he was right several years ago when he talked about the size of fiscal irresponsibility, but all of a sudden he seems to think it is just a wonderful, peachy keen idea. gerri: irresponsible thing to do . brad, to you. i am -- i went back and looked at the last time the governm
immediately raise the debt ceiling and lori about that pesky out of control spending later to considering as many 19 different gun-control measures that he could in force as he gears up for his comprehensive plan tomorrow. our president seems to think of himself like a king and said that our elected officials. joining me now, former adviser to president george w. bush. senior fellow at the cato institute. i will start with you. here is the president back in 2006 on the idea of raising the debt...
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Jan 5, 2013
01/13
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CNNW
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as you pointed out, the next fiscal matter will be debt ceiling republicans for some time now, and have been promising a fight, saying they want those spending cuts in exchange for raising the at the time ceiling. but the president for a number of days now, and certainly in the most recent time here, his weekly address, has said that he is not willing to compromise on this. and will not negotiate. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they have already racked up. if congress is to give the united states to pay its bills on time, consequences for the entire global economy could be catastrophic. last time congress threatened this course of action, our entire economy suffered for it. our families and our businesses cannot afford that dangerous game again. >> reporter: in addition to that, the president has also promised he wants to tackle immigration reform and gun violence in the wake of the shootings in connecticut. so a lot on the president's plate as he heads back to washington. >> and also think, the cabinet, secretary of defe
as you pointed out, the next fiscal matter will be debt ceiling republicans for some time now, and have been promising a fight, saying they want those spending cuts in exchange for raising the at the time ceiling. but the president for a number of days now, and certainly in the most recent time here, his weekly address, has said that he is not willing to compromise on this. and will not negotiate. >> one thing i will not compromise over is whether or not congress should pay the tab for a...
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Oct 11, 2013
10/13
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ALJAZAM
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the republicans are split when it comes to how do deal with the debt ceiling. some want to stand firm demanding that the president make concessions before they pass a bill. others want to move on. today's republican party has different fac factions those tht are around locker and have long lasting ties to the business community. and then the tea party republicans relatively new to wash and full of sketch values that they are willing to go to the mat for. whether it's trying to fight the federal healthcare law or trying to deal with the debt. inspite of warnings from the economists that breaching a debt ceiling would be a disaster for the u.s. economy a group of conservative republicans is pushing back an upsetting some of the g oovment p's best friends business owners these republicans are debt deniers. they say the obama administration is exaggeratings the impact of the debt limit. >> i don't think that the credit of the united states is going to increase the collapse. i think it's a lot of democrat going tory. >> there is zero chance that the u.s. government
the republicans are split when it comes to how do deal with the debt ceiling. some want to stand firm demanding that the president make concessions before they pass a bill. others want to move on. today's republican party has different fac factions those tht are around locker and have long lasting ties to the business community. and then the tea party republicans relatively new to wash and full of sketch values that they are willing to go to the mat for. whether it's trying to fight the federal...
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Oct 10, 2013
10/13
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ALJAZAM
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crossing the debt ceiling would be catastrophic. senator rack paul says if you don't raise the debt ceiling we balance the budget. ben bernanke says default would be very costly to our economy. the debt ceiling is a very dangerous thin to play with. so these are the voices that have been driving -- >> you are listening to white house press secretary discussing the latest proposal by republicans that might end the debt ceiling crisis perhaps deal or no deal when it comes to the debt crisis. that clock ticking now, the october 17th deadline looming large. return now to mike who is at the white house, mike, you were listening in, are we listening to the talk of a break through or more bricksman ship. >> i have to tell you, i'm a little bit surprised. while with the leading the cav yet they want to see the details. clearly leading the door open to signing a short debt ceiling increased six week weeks is what is n the table. without opening the government first, yes, they want the government shut down to end. but clearly a lot of wiggle
crossing the debt ceiling would be catastrophic. senator rack paul says if you don't raise the debt ceiling we balance the budget. ben bernanke says default would be very costly to our economy. the debt ceiling is a very dangerous thin to play with. so these are the voices that have been driving -- >> you are listening to white house press secretary discussing the latest proposal by republicans that might end the debt ceiling crisis perhaps deal or no deal when it comes to the debt...
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Sep 10, 2013
09/13
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ALJAZAM
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then they can focus the real argument on the debt ceiling, and that's when the republicans can make the case that we need to spendless, borrow less and then get back to the agreement. >> is this a replay of what we have seen happen over the last couple of years? >> pretty much. the only new wrinkle is republicans have been hammering on the implementation of obamacare, and there has been a move by conservatives to not fund obamacare in the continuing resolution. the problem with that is obviously the president is not going to sign that, and some -- the majority he is not going to pass it. but that doesn't mean that ted cruz and mike lee and others are not pounding to keep the legislation open unless it defunds obamacare. there are constituents who do not like this law, but it is never going to fly with the president. the bigger fiscal stuff, we have been fighting this battle for a long time, how much money to spend, and if he spend too much, how do we extend our debt limit. >> as we watch these past budget battles unfold, who goes into this with a little bit of edge? democrats, republica
then they can focus the real argument on the debt ceiling, and that's when the republicans can make the case that we need to spendless, borrow less and then get back to the agreement. >> is this a replay of what we have seen happen over the last couple of years? >> pretty much. the only new wrinkle is republicans have been hammering on the implementation of obamacare, and there has been a move by conservatives to not fund obamacare in the continuing resolution. the problem with that...
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Jan 3, 2013
01/13
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MSNBCW
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they have so much on their plate, as you mentioned, including the debt ceiling coming up very quickly and the deficit. the 113th congress takes its oath this afternoon, 56 new democrats, 38 new republicans, and a record number of women. the youngest, hawaii's tulsie gabrin and the first hindu ever elected. john boehner expected to be elected speaker but 17 conservatives could derail. that he announced the first order of business, a vote friday to provide billions to victims of superstorm sandy. >> the bottom line is that between friday morning and january 15th, two votes will bring in $60 billion is absolutely necessary for new york, new jersey, and connecticut. >> reporter: also tops on the agenda, raising the debt ceiling. republicans will insist on cutting spending first. >> the president is addicted to spending. he wants to spend. he wants a new credit card after he's maxed out the last one. >> the president thinks he's not going to negotiate. he better think again. he's president of the united states. he's not emperor of the planet. >> reporter: the last time the congress fought
they have so much on their plate, as you mentioned, including the debt ceiling coming up very quickly and the deficit. the 113th congress takes its oath this afternoon, 56 new democrats, 38 new republicans, and a record number of women. the youngest, hawaii's tulsie gabrin and the first hindu ever elected. john boehner expected to be elected speaker but 17 conservatives could derail. that he announced the first order of business, a vote friday to provide billions to victims of superstorm sandy....